A method for conducting monetary and financial transactions in an economy by treating amounts as collections of distinct individual, minimal, and indivisible units of account, each of which has a persistent identity and history throughout its lifecycle. A method is disclosed for conducting monetary transactions on the basis of appending the record of relationship between each individual unit of account and its respective owners throughout the lifecycle of the unit. Further, a method is disclosed for identifying the units in binary computer notation and assigning specific informational content to each unit by designating various sub-sections within the binary identifier of each unit to hold specific information and values relevant to the unit.
Legal claims defining the scope of protection, as filed with the USPTO.
2. The method of claim 1, wherein the unique bit sequence of each unique identifier contains a first section of random bits and a second section of pre-arranged bits.
3. The method of claim 2, wherein the pre-arranged bits include information associated with each unique identifier.
4. The method of claim 3, wherein the information includes a pre-assigned designated purpose for a respective unique identifier.
5. The method of claim 3, wherein the information includes information to identify the origin of a respective unique identifier.
7. The device of claim 6, wherein the unique bit sequence of each unique identifier contains a first section of random bits and a second section of pre-arranged bits.
8. The device of claim 7, wherein the pre-arranged bits include information associated with each unique identifier.
9. The device of claim 8, wherein the information includes a pre-assigned designated purpose for a respective unique identifier.
10. The device of claim 8, wherein the information includes information to identify the origin of a respective unique identifier.
12. The system of claim 11, wherein the unique bit sequence of each unique identifier contains a first section of random bits and a second section of pre-arranged bits, and wherein the pre-arranged bits include information associated with each unique identifier.
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September 3, 2020
January 30, 2024
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